Google street view image for 331 E Thompson Rd, Indianapolis, IN 46227

OFF MARKET

$158,397

•

— ba

•

873

sq ft

331 E Thompson Rd, Indianapolis, IN 46227

About this home

331 E Thompson Rd is a 873 square foot house on a 0.87 acre lot with 2 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $158,397.

Single-familyProperty Type

1923Year Built

0.87 acresLot Size

$181Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$158,397

$5,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 27.6% lower than the average sale price ($219K) of 6 comparable homes.

SOLD JUL 10, 2026
$240,000
A
2 beds1 bath1,788 sq ft
110 W Elbert St, Indianapolis, IN 46217
SOLD MAY 22, 2026
$200,000
B
2 beds1 bath1,968 sq ft
5240 Smock St, Indianapolis, IN 46227
SOLD JUN 8, 2026
$198,000
C
3 beds1 bath2,100 sq ft
305 Bixler Rd, Indianapolis, IN 46227
SOLD MAY 7, 2026
$269,900
D
3 beds2 baths2,184 sq ft
434 Powell St, Indianapolis, IN 46227
SOLD JUN 3, 2026
$254,000
E
3 beds2 baths1,340 sq ft
143 E Elbert St, Indianapolis, IN 46227
SOLD SEP 30, 2025
$150,000
F
2 beds1 bath1,577 sq ft
915 Morgan Dr, Indianapolis, IN 46227

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46227, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.7%

0.4% MoM

Median sale price

$240K

$5K MoM

Avg. days on market

19d

3 days MoM

Recently sold homes

158

11 MoM

New listings for sale

NEW 3 HRS AGO
$349,900
3 beds2.5 baths2,744 sq ft
2202 Redfern Dr, Indianapolis, IN 46227
NEW 11 HRS AGO
$292,000
3 beds1 bath2,634 sq ft
6021 Shelby St, Indianapolis, IN 46227
NEW 13 HRS AGO
$332,000
5 beds6 baths5,172 sq ft
1902 Lawrence Ave, Indianapolis, IN 46227
NEW 15 HRS AGO
$240,000
3 beds1 bath2,180 sq ft
827 E Mills Ave, Indianapolis, IN 46227
NEW 17 HRS AGO
$229,900
3 beds1.5 baths2,028 sq ft
506 Lawrence Ave, Indianapolis, IN 46227
NEW 17 HRS AGO
$269,000
4 beds2 baths1,816 sq ft
3602 Redwood Dr, Indianapolis, IN 46227
$215,000
2 beds1 bath1,370 sq ft
6105 Homestead Dr, Indianapolis, IN 46227
$285,000
5 beds3.5 baths4,202 sq ft
8724 Shelby St, Indianapolis, IN 46227
$170,000
3 beds1 bath912 sq ft
1515 E Mills Ave, Indianapolis, IN 46227
$275,000
4 beds2.5 baths2,265 sq ft
411 Narcissus Dr, Indianapolis, IN 46227
See all

Provided by Redfin

Sale history for 331 E Thompson Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,379 (+9.1%)

$24,100 + $104,200

$128,300

2024

$3,097 (+8.9%)

$24,100 + $91,800

$115,900

2023

$2,844 (+7.9%)

$24,100 + $91,800

$115,900

2022

$2,636 (+5.9%)

$24,100 + $82,100

$106,200

2021

$2,490 (+3.8%)

$24,100 + $66,600

$90,700

2020

$2,399 (+6.4%)

$24,100 + $66,600

$90,700

2019

$2,254 (+6.6%)

$24,100 + $62,700

$86,800

2018

$2,114 (+3.6%)

$20,500 + $60,400

$80,900

2017

$2,041 (+5.0%)

$20,500 + $53,200

$73,700

2016

$1,943 (+13.4%)

$20,500 + $53,200

$73,700

2015

$1,714 (+10.2%)

$20,500 + $49,500

$70,000

2014

$1,556 (−3.5%)

$20,500 + $47,200

$67,700

2013

$1,612

$20,500 + $43,700

$64,200

Tax history for 331 E Thompson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,379 (+9.1%)

$24,100 + $104,200

$128,300

2024

$3,097 (+8.9%)

$24,100 + $91,800

$115,900

2023

$2,844 (+7.9%)

$24,100 + $91,800

$115,900

2022

$2,636 (+5.9%)

$24,100 + $82,100

$106,200

2021

$2,490 (+3.8%)

$24,100 + $66,600

$90,700

2020

$2,399 (+6.4%)

$24,100 + $66,600

$90,700

2019

$2,254 (+6.6%)

$24,100 + $62,700

$86,800

2018

$2,114 (+3.6%)

$20,500 + $60,400

$80,900

2017

$2,041 (+5.0%)

$20,500 + $53,200

$73,700

2016

$1,943 (+13.4%)

$20,500 + $53,200

$73,700

2015

$1,714 (+10.2%)

$20,500 + $49,500

$70,000

2014

$1,556 (−3.5%)

$20,500 + $47,200

$67,700

2013

$1,612

$20,500 + $43,700

$64,200

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

METRO

Dwelling District Three

The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site considerations, including vegetation, topography, drainage and wildlife.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Apr 29, 2015 • Final

Electrical-1-2 family-general services

Install a new electrical riser through the roof with a new weatherhead and wire it to the existing meter base.

Electrical

Dec 12, 2014 • Active

Self certification tag

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Basement Information
Basement Sq. Ft: 414
Basement Type: Partial

Heating & Cooling
Heating Type: Warm Air

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Wood
Building Type: Single Family

Property Information
Living Sq. Ft: 873
Adjusted Gross Sq. Ft: 1,287
Ground Floor Sq. Ft: 873
Building Sq. Ft: 1,287
# of Stories: 1
Legal Description: PT NE1/4 NW1/4 S1 T14 R3 BEG 259.22FT S & 696.99FTW OF NE COR S 325.11FT E 116.16FT N 325.11FT W116.16FT TO BEG .87AC

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 576
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 37,897
Municipality Name: PERRY, OUTSIDE
Acres: 0.87
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 2
Baths: —
Sq. Ft.: 873
Stories: 1.0
Lot Size: 0.87 acres
Style: Single Family Residential
Year Built: 1923
Year Renovated: 1923
County: Marion County
APN: 491401107025000500

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Abraham Lincoln Elementary School

Public 1-5 • Assigned • 0.8mi

4/10

Perry Meridian 6th Grade Academy

Public 6 • Assigned • 2.9mi

6/10

Perry Meridian High School

Public 9-12 • Assigned • 3.2mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46227

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$151,000 – $183,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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New listings for sale in 46227

NEW 3 HRS AGO

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NEW 13 HRS AGO

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NEW 15 HRS AGO

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NEW 17 HRS AGO

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3 beds1.5 baths2,028 sq ft

506 Lawrence Ave, Indianapolis, IN 46227

NEW 17 HRS AGO

$269,000

4 beds2 baths1,816 sq ft

3602 Redwood Dr, Indianapolis, IN 46227

$215,000

2 beds1 bath1,370 sq ft

6105 Homestead Dr, Indianapolis, IN 46227

$285,000

5 beds3.5 baths4,202 sq ft

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Home values near 331 E Thompson Rd

Data from public records.

Address	Redfin Estimate
330 E Thompson Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1064 Sq. Ft.	$195,598
320 E Thompson Road, Indianapolis, IN 2 Beds \| - Baths \| 2004 Sq. Ft.	$196,988

Address	Redfin Estimate
340 E Thompson Road, Indianapolis, IN 3 Beds \| - Baths \| 1025 Sq. Ft.	—
302 E Thompson Road, Indianapolis, IN 4 Beds \| 2 Baths \| 2120 Sq. Ft.	$257,753

Address	Redfin Estimate
255 E Thompson Road, Indianapolis, IN 3 Beds \| - Baths \| 1530 Sq. Ft.	$216,620
315 E Thompson Road, Indianapolis, IN 5 Beds \| 1 Baths \| 986 Sq. Ft.	—

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